As of Friday close, The Toronto-Dominion Bank’s (NYSE:TD) stock was down -$0.04, moving down -0.07 percent to $60.64. The average number of shares traded per day over the past five days has been 2,088,100 shares. 2 times new highs have been achieved over the past 5 days, with a -$1.47 fall in that time frame. In the last twenty days, the average volume was 2,340,950, while in the previous 50 days, it was 2,161,730.
Since last month, TD stock retreated -1.45%. Shares of the company fell to $57.88 on 08/25/23, the lowest level in the past month. A 52-week high of $70.67 was reached on 02/14/23 after having rallying from a 52-week low of $55.43. Since the beginning of this year, TD’s stock price has dropped by -6.36% or -$4.12, and marked a new high 15 times. However, the stock has declined by -14.19% since its 52-week high.
Valuation Metrics
Right now, The Toronto-Dominion Bank (TD) has a P/E ratio of about 10.60. The stock’s beta is 0.88. Besides these, the trailing price-to-sales (P/S) ratio of 2.05, the price-to-book (PB) ratio of 1.48.
The latest dividend of $0.7250 per share was paid out, which is 2.26% more than last year’s $0.7090.
Financial Health
According to company report, the long-term debt-to-equity ratio for the quarter ending July 30 was 0.59, and the total debt-to-equity ratio was 4.03. In the year ended July 30, operating margins totaled 37.50%. Based on annual data, TD earned $21.25 billion in gross profit and brought in $31.87 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 4.90%. Return on equity (ROE) for the past 12 months was 13.80%.
According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. While analysts expected The Toronto-Dominion Bank to report $1.51 quarterly earnings, the actual figure was $1.48 per share, beating the consensus estimate by -2.00%.
Technical Picture
This quick technical analysis looks at The Toronto-Dominion Bank’s (TD) price momentum. With a historical volatility rate of 13.66%, the RSI 9-day stood at 42.94% on 22 September.
With respect to its five-day moving average, the current The Toronto-Dominion Bank price is down by -2.37% percent or -$1.47. At present, TD shares trade +2.07% above its 20-day simple moving average and +0.20% percent above its 100-day simple moving average. However, the stock is currently trading approximately -4.49% below its SMA50 and -9.71% below its SMA200.
Stochastic coefficient K was 57.68% and Stochastic coefficient D was 68.73%, while ATR was 0.91. Given the Stochastic reading of 48.52% for the 14-day period, the RSI (14) reading has been calculated as 44.50%. As of today, the MACD Oscillator reading stands at -0.43, while the 14-day reading stands at 0.14.
Analyst Ratings
Credit Suisse upgraded its rating on The Toronto-Dominion Bank (NYSE: TD) to an Outperform in a note to investors on June 08, 2023. The analysts firm previously had a Neutral rating on the stock.The Toronto-Dominion Bank (TD) has been rated Hold by analysts. According to 0 brokerage firms, TD is a sell, and 2 firms recommend it is a Hold. There are 1 analyst who say the stock is underweight. A total of 0 analysts rate The Toronto-Dominion Bank stock as buy, with 1 recommending it as overweight.
With a median target price of $66.00, the current consensus forecast for the stock is $52.61 – $66.00. Based on these forecasts, analysts predict The Toronto-Dominion Bank (TD) will achieve an average price target of $61.54.
